Archive for the ‘Renting & Real Estate’ Category
Costs/Negatives to transfer house deed from my business to personal ownership to get home equity loan?
dougsuessegger asked: My business owns a home; and I want to transfer that home to myslef, in my own name. The home is paid-off. This will allow me to take out a home-equity loan. Are there costs/tax rammifications? Is there a negative I cannot currently detect? Thank you so much.
Paid off investment home. Can I take a 1st mortgage on that property or must I go with a home equity loan?
Viper asked: My brother and I need cash for a business venture and would like to take a loan out against an residential investment property that we co-own free and clear. Is our only option a Home Equity Loan? Ideally we would like to take advantage of the lower rates of a standard [...]
Can a non american resident get a bank loan for investing in real estate ?
Mike Rofone asked: I’m from europe and planning to invest in real estate in the US. Can I get a bank loan for that ? Do I need to be an american living in the US ? Do I need to create a business or something ? Or do I just need to find a [...]
How 2 solve for potential amount of credit available for home equity loan?
Richardsbabygirl asked: Here is the problem: Ramon owns a home that was appraised for $132,600. The balance remaining on his existing mortgage is $43,260. Ramon’s credit union is willing to loan an amount up to 70% of the appraised value of a home. Based on this information, what is the maximum potential amount of credit [...]
is there anywhere i can get a home equity loan with bad credit?
jmpoct03 asked: my boyfriend and i have bad credit but we own a $85,000 home with no mortgage. the house is paid for. we were looking into getting a home equity loan to pay some back bills off and do home improvements. is there anywhere that we could get a loan even with bad credit?
How do you pull equity out of your home with taking a how equity loan out?
B_dub asked: First of all how do you build equity in a home? How do you report the equity to your lender? And lastly how to you pull the equity that you’ve built up out of the home with out taking a home equity loan out? Thank you in advance for any help that you [...]
If I take a 401K loan for buying home will it affect the bank loan?
ravishanti asked: If I want to take a loan from my 401K to increase my downpayment to buy a home, does it affect my loan amount? In other words, do they take into account the monthly amount I have to pay for the 401K loan to determine how much loan I can take from the [...]
How do you buy investment property with a home equity loan?
Patricia P asked: My husband and I are thinking of purchasing an investment property by way of using a home equity loan on our first home. Is this a smart thing to do? what are the down sides of it? We don’t have money of our own in the bank to do it, but it [...]
What is the difference between a mortgage and a home equity loan?
BC asked: I own a home that is paid off but would like to take out a loan to fund some home improvements as well as help my parents pay off their home equity loan. Given this scenario can I take out a mortgage since mortgage rates are lower or am I limited to a [...]
Should I get an home equity loan or should I save my money and pay with cash?
Wife4Life asked: I own a house that will be paid off next year.
I want to do some remodeling in my house like a new kitchen, all new travertine floors, new doors and some other things.
The total of my remodeling will be about $45,000 including all the labor and materials.
My question is: Do [...]